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Have to have at least three hoosiers on the committee, its a rule. Were satisfying that rule. But we also got three wisconsinite this is year, so thats cool. We have tom rice of south carolina. Jackie what horsekey from indiana. And Roger Williams from texas. I want to yield to mr. Van hol ton introduce their new members of the committee. Let me start, mr. Chairman, by thanking you for the way youve conducted business in the Budget Committee both in the last session and i look forward to working with you in the same manner in this session. As you indicated we have very sharp differences on pol...

We will also hear from president obama, who signed the deficit reduction measure into law, part of the deal to raise the debt ceiling. First, Senate Majority leader harry reid and republican Majority Leader Mitch Mcconnell will talk on the senate floor about the january fiscal deadline. Since our country voted to return president obama to the white house, i have spoken often about compromise. I remain optimistic that, when it comes to our economy, when it comes to protecting middleclass families from a whopping tax hike, republicans and democrats will be able to find common ground. President d...

Dollars per year. We heard about all the tactics in the tax code. We should get rid of some of those for the purpose of deficit reduction. That is what our plan does in the short term and that is what it would do in the long term. We hope we can have an opportunity to have an up and down vote on the plan that we have put forward. At least two or three times we are going to be asking for a vote in the rules committee for that proposal. I hope we can have an opportunity to have a free flow of debate and ultimately a vote. Thank you mr. Chairman. I would love to begin the debate right now but we ...

I was a wide eyed congressman and he was a top aide for house speaker, tip oneill. We became friends. He taught us a whole lot. I know that tip a tremendous influence on jack. It is clear that he shares the same work ethic and sense of duty. He shares another thing bipartisanship. Speaker oneill was renown for sitting down with president reagan and trying to work problems out. Jack was heavily involved in that and continues to be. He is a bipartisan person who wants to be successful at working with both parties. You mentioned the issue with trust. There is no straighter shooter than jack lew. ...

Thank you, mr. Chairman. To other members of the committee, i appreciate the opportunity to be heard today to discuss the cbs outlook for the budget and economy over the next 10 years. Our Analysis Shows the country continues to face very large, economic and budget challenges. Let me discuss the economy first and then ill turn to the budget. We anticipate Economic Growth will remain slow this year because the gradual improvement we see an underlying economic factors will be offset by tightening the federal fiscal policies scheduled under current law. The cuts in federal spending scheduled to t...